commodities News

Global Food Costs Surge to Decade High as Drought Parches Crops

Global food prices have extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills at a time when economies are struggling to overcome the Covid-19 crisis. A United Nations gauge of world food costs …

Floods, Drought Are Destroying Crops and Sparking Food Inflation

Wild weather is wreaking havoc on crops around the world, sending their prices skyrocketing. On wheat farms in the U.S. and Russia, it’s a drought that’s ruining harvests. The soybean fields of Brazil are bone dry too, touched by little …